Wednesday, January 21, 2009

Makes you go "OMG!"

Here are a few chat room posts (all from the same place) that make you go "OMG!"

From UK trader Trevor Neil. This is sourced to JP Morgan and found on Bloomberg.

Kind of reminds me of a planetary model where a million Earths can fit inside the Sun. But now we can see who is left standing and who should be fired, if not jailed.

Again, from Trevor Neil. You'll love the quotee:

"Owners of capital will stimulate the working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks, which will have to be nationalised, and the State will have to take the road which will eventually lead to communism" ----- Karl Marx, Das Kapital, 1867

Say it ain't so!

And to end on a better note, Larry Williams (yes, that Larry Williams) found this:

Using 100 weeks of data ending on these dates produces a very high correlation to current action and suggests higher prices
11/13/1903
12/27/1907
7/10/1970
3/31/1978

I have not checked them out but considering the source I don't have to do so.

2 comments:

# 56 said...

Michael,
I believe the Marx quote has already been debunked. Recently I've seen something extremely similar, claiming Jefferson as it's author. Likely also fraudulent, however amusing it may be.

Quick Takes Pro said...

Apparently the Marx quote ain't so.

http://meganmcardle.theatlantic.com/archives/2009/01/faux_marx.php

Like I said, it makes you go OMG!